The EIB Global Report: The Impact examines the statistics and outcomes of development initiatives carried out outside the European Union and covers the numerous issues that face the global economy and societies, such as climate change, the conflict in Ukraine, and the COVID-19 pandemic.
The European Investment Bank’s new development arm is described in EIB Global Report: The Story, which also discusses how to close funding gaps in areas like gender equality, innovation, vaccines, and green energy.
The crises plaguing the world are reshaping workplaces, healthcare systems, societies, and economies. Our lives are changing in many ways.
As this decade goes on, bigger investments and more partnerships will be needed to tackle the biggest problems, like COVID-19, climate change, poverty, and inequality.
The world needs innovation and collaboration, but no one institution can provide it.
A lot of work needs to be done. Africa needs to spend several hundred billion dollars more on tackling climate change every year.
In terms of COVID-19 vaccinations, the continent is far behind other regions of the world.
Developing nations are battling to make significant strides in the use of clean drinking water and renewable energy in homes.
In Asia, Latin America, and Africa, hundreds of millions of people live in homes without electricity or easy access to clean water.
In 2021, the EIB Group improved water for 4 million people and provided green electricity to 2.6 million households outside the European Union. We contributed to the distribution of nearly 800 million doses of COVID-19 and other disease vaccines.
To accomplish much more, however, we must collaborate.
This two-volume set describes how EIB Global is increasing its commitments and collaborating with the public and private sectors through projects, initiatives, and technical advice.
We are bringing the Bank closer to local organizations, businesses, and people outside the European Union who most need assistance.
As a result, we can respond more quickly and completely to local needs, such as those related to the production of vaccines in Senegal, gender equality in Latin America, medical supplies for Kenyan farmers, digital technology in Serbia, and green energy on remote Southeast Asian islands.
Working together more frequently, taking more chances, and investing in fresh approaches to solving global issues can lower infectious diseases, boost the generation of green electricity, bring clean water to remote villages, and spur ground-breaking private sector innovation.
Werner Hoyer, president of the European Investment Bank, stated that “EIB Global aims at more partnerships and increased impact on the ground, which you can read about in our two new development reports.”
Additionally, EIB Global “represents an explicit signal that the European Union is articulating a clear stance in global development, particularly in these uncertain times.”
In a world that is less stable than we once thought, President Hoyer continued, “Every project carried out by EIB Global answers a vital economic need—and it promotes the values of freedom, human dignity, and the rule of law. The organizational structure of EIB Global is intended to promote effective collaboration between Team Europe members, the European Commission, and all other members of the European Union.